The US University has come forward to offer a freshman scholarship worth $108,000 (approximately Rs 70 lakhs) for the 12-year-old who finished tied-fourth at the recently-concluded Reykjavik Open.

"Right after the conclusion of the tournament, they gave me the scholarship certificate at a small function. Webster University is a prestigious institution which has gained prominence over the years for producing chess players of international repute. I hope to benefit from this scholarship," Praggu told TOI on Friday evening.

The Susan Polgar Institute has been nurturing strong players over the years. On the reasons for considering Praggu for the scholarship, Susan told TOI, "We had a sponsorship package for the 2018 Reykjavik Open. The top finisher 20 and under would get a scholarship to Webster University. For GMs with ELO rating of 2500-2599, the scholarship would be $27,000 per year for 4 years which included all tuition and fees. Even though he is not a GM, we made an exception and awarded to him because we have no doubt that he is GM strength. Our intense training system can help him become the next Wesley So or Le Quang Liem."

On his part, Praggu felt it was a great opportunity to interact with Susan. "I will be more than happy to learn from an icon like her who has done so much for the sport," Praggu said.